China Forms Consortium to Advance Solid State EV Battery Technology

China has taken a proactive step in the development of solid state batteries by forming a consortium of battery developers. The country is concerned that its electric vehicle (EV) industry could become uncompetitive if other countries introduce EVs with solid state batteries before China does.

The consortium, known as the China All-Solid-State Battery Collaborative Innovation Platform (CASIP), consists of leading battery manufacturers and developers including CATL, FinDreams Battery (a BzyD subsidiary), CALB, EVE Energy, and Gotion High-tech.

In addition to industry players, CASIP also includes academia with the involvement of universities and research institutes such as the Chinese Academy of Sciences. The consortium is also supported by government-backed investment funds.

The main objective of CASIP is to establish a robust supply chain for solid state batteries by the year 2030. This move comes as Toyota plans to introduce EVs equipped with solid-state batteries by 2027-2028, followed by Nissan in 2028-2029.

Solid state batteries are expected to revolutionize the EV market by offering a range of up to 1000 miles and a charging time of just ten minutes. This breakthrough technology has the potential to address the current limitations of EVs, such as limited range and long charging times, making them more practical and appealing to consumers.